San Francisco’s Mayor and Board of Supervisors have unanimously requested a halt to foreclosures and related evictions, especially since San Francisco Assessor-Recorder’s report showing that 84% of foreclosures have at least one legal violation and due to Wells’ $175 million settlement paid to resolve allegations of racial discrimination in providing mortgage loans in San Francisco’s Bayview-Hunters Point and other neighborhoods.

Wells Fargo’s “waterfall” model, along with similar policies from other lenders, ensures that the bank can squeeze the most money possible from homeowners struggling to make payments while finally discarding them like trash if the bank can’t make a profit on every single loan. Running a mortgage loan business means assuming risks, especially after receiving billions in bailout funds from the taxpayers, many of whom are Wells’ mortgage loan borrowers.

Stop contributing to the rash of deaths by foreclosure! Stop the single-minded greedy focus on profit! Stop ignoring the health and well-being of your customers and the communities where we live! Take whatever action is necessary to keep distressed families in their homes!

This is an URGENT request, so please respond right away.

Sincerely,

your name here

Reserve December 6 and December 18 on your calendar for Wells Fargo protests on behalf of the “Wells 29”. (Update: Those protests took place with great success!)

David Lewis lives near Kezar Stadium in San Francisco with his wife and two children. The family pursued a loan modification from Wells Fargo when payments became difficult due to an injury David’s wife sustained working as a flight attendant, which reduced the family’s income by 40 percent. Wells Fargo denied the loan modification due to the reduction in income, then encourage the Lewis family to apply for another loan modification. However, they dual tracked the Lewis’ and sold their home at a foreclosure auction during the loan modification negotiations, a practice that will be illegal starting January 1, 2013, due to the California Homeowner Bill of Rights. David and his family want to remain in their home, so they are demanding that Wells Fargo rescind the sale of their home and offer them a fair deal loan modification based on current family income.